INVENTORY MANAGEMENT SYSTEM

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Inventory Management System

For running a profitable business, inventory management is one of the important business activities. Inventory mismanagement can lead to a lot of problems – from losing sales, locking up the working capital, depreciation issues, and many others. An inventory Management System (IMS) is critical for any firm especially manufacturing, e-commerce, and retail where the inventory level decisions have huge impacts on the business outcomes.

Quinta’s recommended IMS would have the following modules:

  • Item Master and Product information
  • Dashboard, Analytics and Reports
  • Serialization Module using Barcode or RFID
  • Order Management
  • Demand Forecasting
  • Thresholds for reorder
  • Stock valuation methodologies
  • Returns management

Benefits expected by using a good IMS:

  • Real time visibility of Inventory
  • Optimized Stock Levels
  • Improved Cash Flows
  • Stock out and Overstock avoidance
  • Efficient Demand Forecasting
  • Regulatory Compliance

Industries of focus:

  • Manufacturing and the sub-verticals
  • Logistics/3PL
  • Retail

Technologies used:

  • Rugged Handheld Devices
  • Industrial grade barcode printers
  • Wireless Access points

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